Your fund says it finished the year up 15%. The Morningstar Fund Analyst Report says the same. Yet you only made 10% on the fund for the year.

The fact is, returns depend a lot on how you calculate them. Your actual investment or personal rate of return in a fund may be better—or worse—than you think. Knowing your portfolio's actual returns can help you determine if you're on track to meet your investment goals, and whether your funds are living up to your expectations.

Next: Reported Returns versus Personal Rates of Return >>